2009-05-27

Chinese Stimulus: Where From, Where To | 国家发改委公示“4万亿”资金来源

Government Explains Details of Stimulus Package
The central government will provide 29.5 percent of its 4 trillion yuan stimulus package, with the remainder to be drawn from local governments and private companies, said a government statement on May 21.
国家发改委公示“4万亿”资金来源
国家发改委公告称,“4万亿”投资中,新增中央投资资金1.18万亿元,占总投资的29.5%。主要来源于中央预算内投资、中央政府性基金、中央财政其他公共投资、中央财政灾后恢复重建基金四个方面。
  此外,来自其他方面的投资2.82万亿元,占“4万亿”项目总投资的70.5%,主要来源于地方财政预算、中央财政代发地方政府债券、政策性贷款、企业(公司)债券和中期票据、银行贷款、吸引民间投资等。
Interesting that a lot of the spending will come from the local level and private companies. This suggests the spending should be more productive than in the U.S., where local governments are willing to spend federal money on any project, regardless of whether it is a good use of the money.

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